Nile Breweries Limited has announced that the prices of their beers will remain unchanged despite the negative economic pressures faced by businesses across the board.
According to the brewery, they will be maintaining the prices of their beer to enable consumers to continue to enjoy their favorite beers as they cope with the economic hardships.
Recently, there has been a global increase in the prices of almost all commodities. However, NBL affirms that there’s no plan for the price increase of their products in the immediate future.
“We understand that prices of most commodities, including the raw materials we use to make beer, have increased across the country. However, we also understand that Ugandans are still trying to recover from the upheaval that was the Covid-19 lockdown,” said Onapito Ekomoloit, Nile Breweries Legal and Corporate Affairs Director while addressing journalists this afternoon.
He added, “We want to stand with all Ugandans during these hard times and get through them together where we can. That is why we are maintaining our current beer prices despite market pressures and the increasing cost of production.”
The company however noted that the decision for maintaining the beer prices is not a guarantee that change in pricing will never happen.
“In the immediate future our mission is to offer the best products to our consumers. We have been with them for years, we understand issues that affect them, and we want to move at their pace as they go through these hardships,”Onpito noted.
The company warned sellers against hiking prices for their products, adding that the recommended retail prices have since been circulated on their social media platforms for the members of the public.
“We need all our sellers to respect the recommended retail prices and if you find anyone selling our beers at a higher than recommended prices or claiming that we have increased our prices, please inform us and we shall follow up,” said Molly Horn, the NBL Trade Marketing Manager.